Packaging Waste Recovery Note: Difference between revisions

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[[Category:Legislation & Policy]][[Category:Economics]]

~~The~~ tradable evidence that demonstrates that an 'obligated company' (i.e. a company, business or organisation that falls within the remit and/or threshold of the [[Packaging and Packaging Waste Directive]]) has met its responsibilities under [[The Producer Responsibility Obligations (Packaging Waste) Regulations 1997]], as amended. This legislation introduces obligations on producers to provide financial incentives to the packaging recycling industry to collect and reprocess (or export for reprocessing elsewhere) sufficient material to meet the targets set by the Government <ref name="Pack">https://app.croneri.co.uk/feature-articles/packaging-recovery-how-it-works-and-why-it-needs-improving</ref> - a direct application of the [[Polluter Pays Principle]].

A [[Package Recovery Note]] or [[PRN]] is the tradable evidence that demonstrates that an 'obligated company' (i.e. a company, business or organisation that falls within the remit and/or threshold of the [[Packaging and Packaging Waste Directive]]) has met its responsibilities under [[The Producer Responsibility Obligations (Packaging Waste) Regulations 1997]], as amended. This legislation introduces obligations on producers to provide financial incentives to the packaging recycling industry to collect and reprocess (or export for reprocessing elsewhere) sufficient material to meet the targets set by the Government <ref name="Pack">https://app.croneri.co.uk/feature-articles/packaging-recovery-how-it-works-and-why-it-needs-improving</ref> - a direct application of the [[Polluter Pays Principle]].

PRNs can be delivered by producing evidence of recycling by an 'obligated company' or can be purchased from a [[Reprocessor]] of [[Packaging Waste]] to deliver against the producer’s obligations. The values of PRNs fluctuate with the targets set for [[Packaging Waste]] recycling annually, the volume of material available in the market and other factors such as oil prices, secondary raw material prices and exchange rates.<ref name="Pack" />

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 [[Category:Legislation & Policy]][[Category:Economics]]
-The tradable evidence that demonstrates that an 'obligated company' (i.e. a company, business or organisation that falls within the remit and/or threshold of the [[Packaging and Packaging Waste Directive]]) has met its responsibilities under [[The Producer Responsibility Obligations (Packaging Waste) Regulations 1997]], as amended. This legislation introduces obligations on producers to provide financial incentives to the packaging recycling industry to collect and reprocess (or export for reprocessing elsewhere) sufficient material to meet the targets set by the Government <ref name="Pack">https://app.croneri.co.uk/feature-articles/packaging-recovery-how-it-works-and-why-it-needs-improving</ref> - a direct application of the [[Polluter Pays Principle]].
+A [[Package Recovery Note]] or [[PRN]] is the tradable evidence that demonstrates that an 'obligated company' (i.e. a company, business or organisation that falls within the remit and/or threshold of the [[Packaging and Packaging Waste Directive]]) has met its responsibilities under [[The Producer Responsibility Obligations (Packaging Waste) Regulations 1997]], as amended. This legislation introduces obligations on producers to provide financial incentives to the packaging recycling industry to collect and reprocess (or export for reprocessing elsewhere) sufficient material to meet the targets set by the Government <ref name="Pack">https://app.croneri.co.uk/feature-articles/packaging-recovery-how-it-works-and-why-it-needs-improving</ref> - a direct application of the [[Polluter Pays Principle]].
 PRNs can be delivered by producing evidence of recycling by an 'obligated company' or can be purchased from a [[Reprocessor]] of [[Packaging Waste]] to deliver against the producer’s obligations. The values of PRNs fluctuate with the targets set for [[Packaging Waste]] recycling annually, the volume of material available in the market and other factors such as oil prices, secondary raw material prices and exchange rates.<ref name="Pack" />